Shares of Fitbit Inc. (FIT) slumped over 12 percent in extended hours trading after the maker of wearable technology reported a drop in first-quarter profit hurt largely by a surge in operating costs. The company also detailed a weak outlook for the second quarter.
Fitbit's profit for the first-quarter...
Twenty-First Century Fox Inc., (FOXA, FOX) on Wednesday reported a third-quarter profit that dropped from last year, as an increase in revenues were offset by higher operating costs. Earnings for the quarter came in line with Wall Street estimates, while revenues trumped expectations.
Electric car maker Tesla Motors Inc. (TSLA), Wednesday reported a first-quarter loss that widened from last year, hurt largely by higher operating costs which offset an increase in revenues. Loss for the quarter were narrower than what Wall Street expected, while revenues came in line with estimates.
Stocks moved mostly lower during trading on Wednesday, adding to the losses posted in the previous session. With the drop on the day, the tech-heavy Nasdaq ended the session at its lowest closing level in almost two months.
Tesla Motors Inc. (TSLA) is losing two of its top executives as auto manufacture prepares to reports its first-quarter earnings results after the bell on Wednesday.
Greg Reichow, Vice President of Production, and Josh Ensign, Vice President of Manufacturing, are leaving the company. The news was initially...
The United Arab Emirates is planning to build an artificial mountain hoping it will improve rainfall in the desert country.
UAE expects that construction of a mountain will encourage air to climb upwards and form rain clouds which could result in additional rainfall.
However, the team is still...
Following Donald Trump's resounding victory in the Indiana primary, Ohio Governor John Kasich will reportedly suspend his campaign for the Republican presidential nomination on Wednesday.
Donald Trump may now be the presumptive Republican presidential nominee, but the results of a new CNN/ORC International poll show the billionaire well behind Hillary Clinton in the likely general election matchup.
GoPro Inc. (GPRO) has launched two new mobile video editing applications for its users.
The two new mobile apps Quik and Splice will help users to manage, edit, and share all of the content from GoPro cameras and mobile devices.
In February, GoPro had acquired two mobile video editing apps, Replay...
On the heels of early volatility, stocks are mostly lower in mid-day trading on Wednesday. With the decline on the day, the tech-heavy Nasdaq has fallen to its lowest intraday level in well over a month.
Fast changing fashion trends have been hitting Aeropostale badly for the last several quarters, and at last it opted for Chapter 11 bankruptcy filing on Wednesday.
At least 30 percent of antibiotic prescriptions doled out in the United States are unnecessary or inappropriate, according to a new study that called for improved stewardship of this important medicine. The study, conducted by the Centers for Disease Control and Prevention (CDC), in collaboration with Pew Charitable Trusts and other public health and medical experts, analyzed antibiotic use in do
Oculus VR said its virtual reality headset, Rift, will launch at 48 Best Buy stores across the country on May 7. Later in summer, the company will start to offer even more in-store Rift demos at additional Best Buy locations. In a blog post, Oculus said it plans to include a range of virtual reality or VR demos to showcase the hardware at Best Buy stores, including Oculus Dreamdeck.
After moving notably lower at the open, stocks have regained some ground over the course of early trading on Wednesday but remain mostly negative. The major averages have climbed well off their lows for the young session.
New orders for U.S. manufactured goods increased by much more than expected in the month of March, the Commerce Department revealed in a report on Wednesday. The report said factory orders surged up by 1.1 percent in March after tumbling by 1.9 percent in February.